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20121201
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owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern ca
? assembled in china. all apple products are made in china but that's about to change. >> on to the macintosh. >> reporter: ceo tim cook announced today that starting next year one line of macintosh computers will be designed and built in the u.s. cnet says with one like of macs and not the more popular iphone or ipad apple isn't taking a big risk but is making a statement. >> this is a big deal. it's a big differentiator for this company. >> reporter: this is the image apple likes to project happy workers and zealous fans but that image is tarnished by wet shop conditions and low wages and
$588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses and i was thinking "is that the right numbers, is that the right numbers?" and i was shaking and i called my husband and i said "i think i'm having a heart attack." >> pelley: the hills take home $135 million after taxes. mark hill, a mechanic, is quitting his job. >> i talked to my boss over the phone. he didn't belief me. later he called back and said "really?" i said "yup, really." >> pelley: there was one other winning ticket purchased outside phoenix but we don't know who the owner is yet. the fledgling egyptian democracy just got its first draft constitution, but a lot of egyptians aren't happy about it. it is the work of religiously conservative supporters of president mohamed morsi. protesters had already f
lapook, thank you. china now has the longest high- speed train line in the world. it runs 1,400 miles from beijing to the city of guangjo, about the distance from new york to miami. the chinese train can make the trip in eight hours. it would take amtrak 30 hours. in los angeles, people lined up to turn in their guns. find out why when we come back. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ thank you. >> axelrod: today, los angeles responded to the newtown tragedy by starting their gun buyback sooner. they needed two sprawling sites including a sports arena. >> they're hunting rifles. >> reporter: angela atkins came to the los angeles gun buy-back with two hunting rifles and thoughts of the children who died in newtown, connecticut. >> it was emotional. i cried. and i just felt like those were everybody's children. >> reporter: so you're getting rid of your only guns. >> the only
. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now and that's supportive of the gold. >> reporter: a gold rally is not a sure thing. if there's a recession, some fear commodities like gold will drop in value. on the other hand, if the economy picks up sharply riskier assets could become more attractive. erika miller, "n.b.r.," new york. >> susie: more signs today that housing demand is picking up: the number of contracts signed to buy homes rose in november to its best level in more than two years. the national association of realtors index of pending sales rose almost 10% last month. so will the housing market continue to recover in the new year? that's what tom hudson asked toll brothers chief
. and then i went to china to do the same thing. >> and that's how she responded to the challenge of pearl harbor. like everyone else in america she knew this was the fight that would change her life. wyatt andrews, cbs news wood bridge virginia. >> that's the cbs evening news for tonight. for all of us at cbs news all around the world, good night. >>> i allowed allen martin. unusual protest popping up in bay area cities. voter vigils appearing outside lawmaker offices demanding a deal to avert the fiscal cliff. tonight it looks like they are going to be there for awhile. going over the fiscal cliff we will have a ripple effect starting with the state's education budget. phil matier on the threat facing students staid wide. >> if washington doesn't come up with a deal it is not just the federal government that will be going over the fiscal cliff. we were told today that without a deal the states could lose upwards of $7.5 billion. >> we are going to invest in our schools. particularly special
Search Results 0 to 5 of about 6